Asia set to sustain India’s IT boom: KPMG

The country’s information technology and business process outsouring (BPO) industry may be hit by a sluggish recovery in recession-hit Western economies that have been its main markets.

The country’s information technology and business process outsouring (BPO) industry may be hit by a sluggish recovery in recession-hit Western economies that have been its main markets, but it is still looking at a compounded annual growth rate of 15 per cent in the decade ahead, thanks to emerging opportunities closer home in the Asian region.

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“Even as total demand for global outsourcing services is expected to grow by 4.9 per cent every year from 2008 to 2020, demand from Asia-Oceania countries is expected to grow by around 7 per cent every year in the same period,” KPMG said in a statement.